Skip to main content

Alade market gives way for N6.9 billion shopping mall

Folashade Tinubu-Ojo

Folashade Tinubu-Ojo

The popular Alade Market in Ikeja has finally given way for the development of N6.9 billion shopping mall as the demolition of the old market began on Wednesday.

The market has been condoned off as the demolition exercise continued on Thursday while the former traders of old market had been relocated to a new Alade Market.

Traders in the old market have fully relocated to the new market as economic activities now boom in the new market.

The Iyaloja General of Nigeria, Mrs. Folashade Tinubu-Ojo, who visited the new Alade Market on Thursday, lauded the government and the market concessionaire for the N6.9 billion redevelopment plan of the market.

Tinubu-Ojo who spoke shortly after an inspection tour of the new market congratulated the traders, the Ikeja Local Government and the Master Reality International Concept Limited (the concessionaire of the market) for the feat.

She said that it would be the first time a new market was made available before an old one was pulled down, even as she said the relocation of the market was in the interest of all.

According to her, traders in Alade Market “are lucky because they are the first set that will be provided with alternative before the commencement of the redevelopment. In previous cases, the redevelopment would have started before provision is made for the occupants.

“Also, my late grandmother demanded that the relocation is completed before the demolition of the existing structure. The cost of the shop to the original allottees is N150, 000. But for fresh traders, the price would differ. The price for the original allottees was for the purchase of the shop.”

The Iyaloja General enjoined few traders who were still bitter about the development to join hands with the government, the concessionaire and the traders to take the market to a new height.

Tinubu-Ojo said in order to ensure fairness, the traders had been told that they have opportunity to apply after the redevelopment of the market was completed, adding that anyone interested in becoming a traders in the New Alade market had to purchase allocation form.

“There is no issue in the redevelopment except for few traders who paraded themselves as concerns traders that were fomenting trouble in the market. But, I have instructed their Iyaloja, Mrs. Adenuga to accept them whenever they decide to return to the new market.

“I approved the redevelopment. All over the world, there are redevelopments. And those standing against the redevelopment often travel,” she said.

Labels:

Comments

Post a Comment

Popular posts from this blog

Houthis Claim Attack on Central Israel in Response to Gaza ‘Massacres’

The ongoing conflict between Israel and Hamas has taken a concerning regional turn as the Houthi rebels in Yemen claimed responsibility for an attack on central Israel. The group announced this as part of their escalating response to what they describe as "massacres" in Gaza amid the Israeli military’s operations in the strip. Details of the Attack The Houthis, a Shiite militant group with ties to Iran, declared that they launched missile and drone strikes targeting Israel. While the exact impact of these attacks remains unclear, reports suggest that Israel’s defense systems intercepted several threats over its airspace. This marks a significant escalation as the Houthis widen their involvement in the conflict beyond their typical operations within Yemen and neighboring Saudi Arabia. The Houthis’ Justification In their statement, the Houthis framed the attack as retaliation for Israel’s military actions in Gaza, which they characterized as indiscriminate bombings resultin...
Post a Comment
Read more

Fall of Assad is a Blow to Russia's Prestige

The potential fall of Syrian President Bashar al-Assad, a long-standing ally of Russia, would mark a turning point in Moscow’s global influence, particularly in the Middle East. Steve Rosenberg’s analysis underscores the profound implications for Russia, which has invested heavily—both militarily and politically—in ensuring Assad’s survival over the past decade. This article delves into why Assad’s downfall would strike at the core of Russian prestige and what it could mean for the broader geopolitical landscape. Russia's Strategic Commitment to Syria Since the outbreak of the Syrian civil war in 2011, Russia has been a staunch supporter of Assad's regime. In 2015, Moscow launched a military intervention that proved decisive in stabilizing Assad’s hold on power. This intervention solidified Russia's role as a key power broker in the Middle East and demonstrated its willingness to project military power far beyond its borders. Syria is not just an ally for Russia; it is a...
Post a Comment
Read more

Court grants Fani-Kayode N50m bail

Fani-kayode sandwiched by EFCC officials Justice James Tsoho of the Federal High Court Abuja on Thursday granted a N50m bail to former spokesman of the Goodluck Jonathan Campaign Organisation, Chief Femi Fani-Kayode. Fani-Kayode was arraigned by the Economic and Financial Crimes Commission (EFCC) on a five-count charge of money laundering to the tune of N26m. Fani-Kayode is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016. The EFCC accused the defendant of diverting 26 million Naira allegedly received from the ONSA while Sambo Dasuki was in office. The anti-graft agency also accused him of handling the said N26 million without going through financial institution as required under the Money Laundering Act. The embattled former minister is already facing 17-count charge of money laundering before the Lagos Division of the court, along with a former Finance Minister; Nenadi Usman, Danjuma Yusuf and a firm; Joint Trust Dimension Nigeria Limited. They were charg...
Post a Comment
Read more